Daily Agri -Commodity Report by CapitalHeight.com – 03 December 2011

FOR IMMEDIATE RELEASE
Indore, Madhya Pradesh, India, Republic of (Free-Press-Release.com) December 2, 2011 -- MARKET WRAP

Guar gum & Guar seed ended up, hits upper circuit

Chana declined on subdued demand

Cardamom tumbled on fresh selling

Spices traded in red today with Pepper tumbled on profit booking due to subdued demand in the market and Jeera settled down on fresh selling due to weak export and higher arrival followed by Turmeric declined on production concerns on the back of subdued demand. Mentha oil ended up on firm domestic demand due to rising export.

TECHNICAL VIEW
CARDAMOM (DEC) VIEW

Trend: Consolidate | Strategy: Sell on High
R1- 611, R2- 625 | S1- 597 S2- 583

CHANA (DEC) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 3050, R2- 3110| S1- 2990, S2- 2930

GUARGUM (DEC) VIEW
Trend: Bullish | Strategy: Buy on Dips
R1- 17300, R2- 17560| S1- 17040, S2- 16780

GUARSEED (DEC) VIEW
Trend: Bullish | Strategy: Buy on Dips
R1- 5475, R2-5575 | S1- 5385, S2- 5285

JEERA (DEC) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 13350, R2- 13650 | S1- 13050, S2- 12750

MENTHA OIL (DEC) VIEW

Trend: Consolidate | Strategy: Sell On High
R1- 1340, R2- 1365 | S1- 1313, S2- 1287

PEPPER (DEC) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 35470, R2- 36170 | S1- 34740, S2- 34040

MUSTARD SEED (DEC) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 3130, R2- 3180 | S1- 3070, S2- 3020

SOYABEAN (DEC) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 2245 R2- 2285 | S1- 2205, S2- 2165

TURMERIC (DEC) VIEW
Trend: Bearish | Strategy: Sell on High
R1- 4450, R2- 4545 | S1-4380, S2-4255

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